The evening star pattern consists of three candlesticks. The first candle is bullish, the second candle is small and the third candle is a large bearish candle. The evening star candlestick pattern is considered as a bearish reversal pattern that usually occurs at the top of an uptrend.
It is exactly opposite the Morning Star pattern.
Identify Evening Star Candlestick pattern
- The current trend is an uptrend.
- The body of the first candle is Green and continues the current trend.
- The second candle is small and has an indecision formation.
- The third-day candle is red and should close at least halfway down the green candle
Strong chances of reversal with Evening star pattern
- The longer the Green candle and the Red candle.
- Small and more indecision 2nd-day candle that the star day illustrates.
- A gap between the first-day and the second-day candle.
Real chart of evening star candlestick pattern
Click on images to zoom in on charts.
Disclaimer: All comapny chart are used only for learing purpose. There is no buy and sell recommandtion. All Technical analyst are learing purpose only.